Acer's Board of Directors have elected co-founder and board member George Huang to succeed Stan Shih as the new Acer Chairman, and invited Shih as honorary chairman.
Acer's new board held its first meeting and agreed to establish a new Audit Committee with Dr. F.C. Tseng as the chairman, replacing the Financial Statement and Internal control Review Committee. The company's Compensation Committee will be led by new independent director Dr. Ji-Ren Lee as chairman; while the Assets Management and Handling Committee shall be chaired by Stan Shih, with George Huang and Philip Peng as members.
"George is one of the co-founders of Acer and has been a long-time member of the Board. Since his return to Acer last November as executive secretary of the Transformation Committee, he has been instrumental in driving the company restructuring and in helping to develop our new vision," said Stan Shih, Acer Founder. "He is therefore the ideal candidate to lead Acer at this important time."
New Acer Chairman George Huang said, "As Chairman, I have a tremendous challenge ahead and will do my very best, along with our CEO Jason Chen and the management team, to realize the BYOC vision and lead Acer back to success."